(1 point) The average cost per item to produce q items is given by alq) = 0.0172 - 0.69 + 17, for 9>0. What is the total

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1 Point The Average Cost Per Item To Produce Q Items Is Given By Alq 0 0172 0 69 17 For 9 0 What Is The Total 1 (47.42 KiB) Viewed 12 times

(1 point) The average cost per item to produce q items is given by alq) = 0.0172 - 0.69 + 17, for 9>0. What is the total cost, C(q), of producing a goods? C(q) = What is the minimum marginal cost? minimum MC = (Be sure you can say what the practical interpretation of this result is!) At what production level is the average cost a minimum? q= What is the lowest average cost? minimum average cost = Compute the marginal cost at q = 30. MC(30) = How does this relate to your previous answer? Explain this relationship both analytically and in words.